Paul Kuhn
Asset Protection - need advice
I own 4 properties in 4 different states, with two of them being own outright, all in my name. The properties are all insured with $1 million liability insurance with another $1 million in umbrella coverage (increasab...
Jacob Bset
Re-Forming an LLC from Ecommerce to REI
Hello, I'm new to the REI world but I have an LLC in my name, however it's not structured properly for me to begin doing business in real estate investing. For starters, I am only learning Wholesale strategies to beg...
Brian Paula
Using Passive Losses (STR or LT Rental) to offset Ordinary Income
Hello fellow Big Pocketers - I have a feeling that I am just out of luck here but thought I would reach out to the smartest group of people I know when it comes to real estate.Situation - -High earner in my W-2 job (n...
Amy E.
LLC Tax Forms (K-1, 1065, 8825, etc)
This is my first year doing taxes for my rental business. I have three properties in an LLC with a partner. I do my personal taxes myself with TurboTax, but I don't have anything quirky going on with my personal fin...
Mark N.A
Craigslist Scam
So I've got a couple rentals posted on Craigslist. I get an inquiry from someone in the U.K. who is transferring here and s/he absolutely loves the house. I tell them the rent and security deposit.
So next email I ...
Carole G.
Financial advisors or stock brokers?
We have met with two "financial advisors", and they both knew nothing about real estate, or commodities, or gold, etc....They were actually stock brokers, and that's about it. Does anyone have a financial advisor who...
Haresh Patel
Christmas gift cards for tenants tax deductible?
Hello. Learnt so much from this community. thank you one and all. I have bought 3 SFH in dallas area in last 1 year. come Christmas I am thinking about sending gift cards to all my tenants. can I charge this as tax ...
Steven Hamilton II
My Birthday Present
Tomorrow is my birthday (October 3rd). Those of you who have spoken to me outside this forum and on, know that I'm not fond of what Doctors and dentists "practice". I apologize for any delay in my replies as I just ha...
Robert Burns
Lease Option Deal Analysis
One of the realtors I work with called me with following deal. She has someone who owns free and clear a SFR 3/2 in a nice neighborhood. He needs a cash injection to pay some medical bills. His wife has cancer. Th...
Trevor J Dammon
Developing an Exit Strategy for Owner Occupied Duplex
Hi all,I am going to be moving to a larger city next year and want to start on my real estate journey. My plan is to buy a duplex, live in half, and rent the other half. My wife is currently a medical resident and in...